May 19, 2016 - Peabody Energy announced today that it has completed the sale of its 5.06 percent participation interest in the Prairie State Energy Campus to the Wabash Valley Power Association for $57 million, subject to certain customary post-closing adjustments. 

Peabody expects to use the transaction proceeds for general corporate purposes.  Peabody previously announced the sale in January 2016 following a competitive bidding process as part of the company's emphasis on portfolio optimization and sale of non-core assets. 

Prairie State is a 1,600 megawatt coal-fueled electricity generation plant and adjacent coal mine in Washington, St. Clair and Randolph counties in Illinois, and the plant commenced operations in 2012.  It is among the cleanest coal-fueled plants in the nation and the lowest fuel cost coal plant in the United States. 

Peabody Energy (OTC: BTUUQ) is the world's largest private-sector coal company and a Fortune 500 company.  The company serves metallurgical and thermal coal customers in 25 countries on six continents.